Demand for building plots falls, but not prices
Photo by FOTOGRIN/Shutterstock.com
Nationwide, the number of building plots sold fell, but the decline in demand was not accompanied by a fall in prices, writes Világgazdaság.
Photo by FOTOGRIN/Shutterstock.com
According to analysis by Otthon Centrum, prices rose across Hungary. The most expensive plots in Budapest were in District XII.
In the third quarter, almost 10% fewer building plots were sold with the participation of Otthon Centrum than a year earlier. In addition to the number of transactions, the average price also rose.
While in 2019 the average price of plots was HUF 15 million and the average price per sqm was HUF 15,000, by September of this year, the average value of plots had risen to HUF 23 mln, while the average price per sqm was just over HUF 16,000.
Watchdog Fines OTP Bank for Regulatory Shortfalls
Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s
Biggeorge Adds 2 New Directors to Top Management
Tastin' France 2024 Wine Event Coming in June
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
